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I'm not sure who the intended audience is. This book would not work well as a first introduction to the Fed -- one should already have a broad outline of the story and players and the historical backdrop. On the other hand, it does not work as a penetrating, advanced study or treatise into the Fed either: it lacks the discipline to be this. It does not establish a clear historical background or theses to pursue systematically. It jumps around a lot. It is more like a series of anecdotes which are of interest to general followers of the story and those interested in various permutations of the story, and not a little Fed-watcher trivia appearing willy-nilly along the way. So, in a sense, I might qualify as the intended audience: a person of intermediate, mostly popular-level understanding of the Fed, having read a few books on it, and not entirely uninterested in wandering with the author hither and thither, and picking up many of the popular phrases and anecdotes of the Fed's story. There are interesting vignettes and personality sketches all over the place.
Meanwhile, the author does have lapses, not least in crafting metaphors: the author's oft-repeated "Ulysses-Punchbowl model" of the Fed's basic job is a mangled grafting-together of metaphors borrowed from others, and remains murky and third-rate. Certainly good communicators such as FDR or the Fed's own William McChesney Martin would be spinning in their graves at such inelegance and awkwardness. The book has virtues, and is an enjoyable casual listening experience, but simply lacks any clear, consistent traction on any segment of its subject matter. It talks about a lot of things, and a lot of important things, and often well, and often entertainingly enough, but disjointedly.
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